Sberbank of Russia

Sberbank of Russia is the largest bank in Russia and CIS. The Bank accounting for about a quarter of the aggregate Russian banking assets and a third of banking capital. Central Bank of the Russian Federation is the founder and the major shareholder of Sberbank, owning above 50% of voting shares. Sberbank is the largest issuer of debit and credit cards. Total assets: RUB 19.9 trillion or approx. USD 389 billion (as of December 1, 2014). Net profit: USD 10.8 billion (2011), USD 11.4 billion (2012), USD 11.0 billion (2013).

Sberbank is closely engaged in international activities through direct settlement agreements, correspondent accounts with over 220 leading credit institutions of the world, trade finance operations and membership in a number of international financial organizations. The Bank has the most widespread branch network in Russia: 17 Regional Head Offices, over 20,000 branches and banking outlets, as well as subsidiaries in Ukraine - Sberbank (Ukraine), Belarus - BPS-Bank, Kazakhstan - Sberbank (Kazakhstan), Turkey - DenizBank, Switzerland - Sberbank Switzerland AG, representative offices in Germany and China and a branch office in India.

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29.03.2012 Sberbank registered net profit of RUB 315.9 billion (approx. US$ 10.8 billion) in 2011, an increase of 74% from a year earlier. As at 31 December 2011, the Bank's total capital adequacy ratio was 15.2%.

14.11.2014 Retail bankers worldwide overwhelmingly support the UK banking standards initiative and want to see international banking standards introduced around the world, in a similar way to international accounting standards. Source: RBA

05.02.2013 Global Islamic banking assets are forecast to cross $1.8 trillion in 2013 up from $1.3 trillion in 2011, Ernst & Young said in its World Islamic Banking Competitiveness Report 2013. Source: zawya.com

23.01.2013 Reduced transaction duration is an important issue for customer satisfaction and for efficient use of Banking channels, especially at ATMs. Every measure taken to fasten cash withdrawals, most widespread used ATM transaction, is beneficial to both customers and banks.